rjchilia123

Perfect bounce off bear market rally uptrend line

Long
TVC:SPX   S&P 500 Index
Bulls still maintain control on weekly charts, watch 10 year yield so goes 10 so goes market, it looks like we will have at least one more leg up before the bear market continues. Small chance that tomorrow stocks fall thru the floor and break the trendline but I just opened a swing long today. Part of it depends on the close today but as of right now watch for a rally up to 2940-3000 range strong resistance. Remember if you believe the markets are way overpriced you are right, but that doesn’t mean they have to come down now.
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